Industrial and Commercial Bank of China Limited (“ICBC”), which was incorporated in the People’s Republic of China on 1st of January in 1984, is now one of the largest commercial banks in the world.
A SWIFT code sometimes also called a SWIFT number is a standard format for Business Identifier Codes (BIC). Banks and financial institutions use them to identify themselves globally. It says who and where they are a sort of international bank code or ID.
These codes are used when transferring money between banks, particularly for international money transfers or SEPA payments. Banks also use these codes to exchange messages with each other.